1 PLEASANT STREET Claremont, NH 03743 | Commercial Sale | Investment
$2,365,000 ![]()
Closed
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32635 sqft.
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Description
Known as "The Union Block Building", this circa 1897 historic landmark building has been the anchor for retail and residential apartment space at the center of downtown Claremont, NH for decades. This property has been extremely well maintained. There are 6 commercial storefront spaces on the street level and 34 residential apartment units on the 2nd and 3rd floors. There currently are no vacancies and there is a waiting list of potential residential tenants. Over $175,000 NOI at listed 7.0% CAP Rate. Commercial Tenants all have Modified Gross Leases. The City of Claremont is currently revitalizing the downtown Pleasant Street area.
Property Details
List Price
$2,500,000
Sold Price
$2,365,000
List Date
2022-02-11
Sold Date
2022-05-23
MLS ID
4897963
Status
Closed
Property Type
Commercial Sale
Business Type
Investment
County
NH-Sullivan
Days on Market
5
structure
basement
Yes
Total Baths
0
building area total
32635.0
building area units
Square Feet
building name
Union Block
cooling
Mini Split
Features Exterior
Business Type Investment
foundation details
Brick, Concrete, Fieldstone, Granite, Poured Concrete, Slab - Concrete
heating
Hot Water, Multi Zone, Furnace - Wood/Oil Combo, Mini Split
living area
32635.0
living area source
Public Records
living area units
Square Feet
Parking Features
Off Premises, Off Street, On Street, Paid
roof
Membrane
stories
3
year built
1897
characteristics
Acres
0
lot size area
0.31
Lot SqFt
13504.0
# of Units
40
tax
tax annual amount
31558.7
tax year
2021
zoning
MU (Mixed Use)
financial
gross income
382969.0
net operating income
175446.0
operating expense
207523.0
contract
foreclosure y n
No
compensation
Buyer Agency Comp.
3
Buyer Agency Comp. Type
%
Compensation Disclaimer
The listing broker's offer of compensation is made only to other real estate licensees who are participant members of the PRIMEMLS.
This listing was last updated on 3/19/2024 12:43:12 AM (UTC)
